“We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia. As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here,” said Davar, known to most as “Mohit”.

Mohit announced that the Singapore-based digital assets exchange has established a Dubai-based operations team to cover the three regions in order to replicate its successful eco-system model. In total, this will include OTC trading, token-to-token trading, blockchain projects incubation, community development, and an educational center. Token-to-token and OTC trading is already live via a beta version. The end goal will be to provide safe and reliable digital asset trading services for millions of regional users in the Middle East, Africa and South Asia.

Huobi MENA is in the process of establishing partnerships with regional players, starting with AI Traders, an artificial intelligence digital asset trading solutions company. Discussions are in place currently for partnerships with other big names in the blockchain industry with the objective of offering regional traders a safer, faster and more convenient trading experience.

The World Blockchain Summit, held in the Jumeirah Emirates Towers, is one of the most influential summits in the region with over 1,000 participants.